HBL Appointed Exclusive Banking Partner for Hajj 2027
HBL Islamic has been appointed the exclusive banking partner for Hajj 2027 by Pakistan’s Ministry of Religious Affairs, supporting Shariah-compliant payments and digital Hajj applications.
SBP Raises Rs517.90 Billion Through MTB Auction
State Bank of Pakistan raises Rs517.90 billion through Market Treasury Bills auction, with 3-month tenor receiving the largest acceptance and yields rising across all four tenors.
Pakistan Seeks $10 Billion US Exchange Stabilisation Support Facility, Aurangzeb Confirms
Pakistan has formally sought a $10 billion US Exchange Stabilisation Support Facility as the government works to strengthen foreign exchange stability and shift towards longer-term market-based financing.
Bank AL Habib Board Approves Talks to Make AHCML a Wholly Owned Subsidiary
Bank AL Habib’s board has approved entering negotiations to acquire an additional 33.33% stake in AL Habib Capital Markets, subject to regulatory approvals.
Samba Bank Profit Surges 48% to Rs273.67 Million in 1HCY26
Samba Bank reports a 47.5% increase in half-year profit to Rs273.67 million, supported by a reversal in credit loss provisions despite weaker core banking income.
IFC and Bank Alfalah Sign Pakistan’s First Diversified Payment Rights Agreement
IFC and Bank Alfalah have signed Pakistan’s first Diversified Payment Rights agreement, with an initial transaction targeting up to $100 million in foreign currency financing.
Bank AL Habib Profit Falls 22% to Rs15.41 Billion in 1HCY26
Bank AL Habib reports a 22.1% decline in half-year profit to Rs15.41 billion, while non-markup income rises 20% and operating expenses increase 16.1%.
Hajj Pilgrims Deposit Over Rs8.7 Billion Through Digital Portal
More than 13,260 Hajj pilgrims have deposited over Rs8.7 billion through the Hajj Digital Portal using bank cards, OneLink PSID and digital challans for Hajj 2027.
SBP Urges Urban Agriculture To Address Pakistan’s Food Security And Rising Urban Heat Risks
SBP recommends integrating urban agriculture into Pakistan’s city planning to improve food security, reduce urban heat, recycle waste and support greener urban economies.
SBP Flags Funding And Infrastructure Challenges For Pakistan’s NEV Policy
SBP warns that Pakistan’s NEV Policy 2025–30 faces funding and infrastructure challenges, calling for sustainable financing, charging networks and stronger coordination.